Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

Should You Buy Icahn Enterprises LP (IEP)?

Page 1 of 2

Hedge Funds and other institutional investors have just completed filing their 13Fs with the Securities and Exchange Commission, revealing their equity portfolios as of the end of September. At Insider Monkey, we follow over 700 of the best-performing investors and by analyzing their 13F filings, we can determine the stocks that they are collectively bullish on. One of their picks is Icahn Enterprises LP (NASDAQ:IEP), so let’s take a closer look at the sentiment that surrounds it in the current quarter.

Hedge fund interest in Icahn Enterprises LP (NASDAQ:IEP)  shares’ was flat at the end of the last quarter. This is usually a negative indicator. At the end of this article, we will also compare Icahn Enterprises LP (NASDAQ:IEP) to other stocks including Credicorp Ltd. (USA) (NYSE:BAP), Wyndham Worldwide Corporation (NYSE:WYN), and PVH Corp (NYSE:PVH) to get a better sense of its popularity.

Follow Icahn Enterprises L.p. (NASDAQ:IEP)
Trade (NASDAQ:IEP) Now!

In the financial world, there are tons of indicators investors put to use to appraise their holdings. Two of the best indicators are hedge fund and insider trading activity. Our experts have shown that, historically, those who follow the top picks of the top investment managers can outclass the market by a superb amount (see the details here).

With all of this in mind, we’re going to take a gander at the fresh action surrounding Icahn Enterprises LP (NASDAQ:IEP).

What have hedge funds been doing with Icahn Enterprises LP (NASDAQ:IEP)?

At the end of the third quarter, a total of 6 of the hedge funds tracked by Insider Monkey were long this stock, flat over the last quarter. With hedgies’ positions undergoing their usual ebb and flow, there exists a few key hedge fund managers who were increasing their stakes significantly (or already accumulated large positions).

According to publicly available hedge fund and institutional investor holdings data compiled by Insider Monkey, Icahn Capital LP, managed by Carl Icahn, holds the biggest position in Icahn Enterprises LP (NASDAQ:IEP). Icahn Capital LP has a $7.68 billion position in the stock, comprising 27.5% of its 13F portfolio. Coming in second is Murray Stahl of Horizon Asset Management, with a $253.7 million position; the fund has 4.6% of its 13F portfolio invested in the stock. Remaining professional money managers that are bullish encompass Ken Griffin’s Citadel Investment Group, Matthew Hulsizer’s PEAK6 Capital Management and Roger Ibbotson’s Zebra Capital Management.

Page 1 of 2

Biotech Stock Alert - 20% Guaranteed Return in One Year

Hedge Funds and Insiders Are Piling Into

One of 2015's best hedge funds and two insiders snapped up shares of this medical device stock recently. We believe its transformative and disruptive device will storm the $3+ billion market and help it achieve 500%-1000% gains in 3 years.

Get your FREE REPORT and the details of our 20% return guarantee today.

Subscribe me to Insider Monkey's Free Daily Newsletter
This is a FREE report from Insider Monkey. Credit Card is NOT required.
Loading Comments...

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 102% in 3 years!! Wondering How?

Download a complete edition of our newsletter for free!